LEGACY RESERVES LP 4
4 · LEGACY RESERVES LP · Filed Feb 26, 2015
Insider Transaction Report
Form 4
Brown Cary D
DirectorChairman and CEO10% Owner
Transactions
- Award
Phantom Units
2015-02-24+109,578→ 358,791 totalExp: 2018-02-18→ Units (109,578 underlying) - Award
Phantom Units
2015-02-24+143,822→ 249,213 totalExp: 2018-02-18→ Units (143,822 underlying)
Footnotes (4)
- [F1]Each phantom unit represents the economic equivalent of a unit representing a limited partner interest in Legacy Reserves LP.
- [F2]The phantom units reported on this Form 4 are subject to vesting on February 18, 2018 and are payable in units.
- [F3]The number of phantom units that vest on February 18, 2018 is subject to the achievement of certain objective, performance-based criteria during the three fiscal years prior to the vesting date. If none or only a portion of phantom units vest as a result of specified performance levels not being met, such number of phantom units that fail to vest will be forfeited.
- [F4]Includes the remaining 16,891 phantom units, 88,500 phantom units and 253,400 phantom units from the phantom units granted on March 7, 2013, March 3, 2014 and February 24, 2015, respectively.